Answer: c) if the firm's core competence is based on proprietary technology, entering a joint venture might risk losing control of that technology.
Explanation:
When firms expand into international markets, it is a standard practice to partner with a local company that already has expertise in the market to enable an easier transition.
This creates a problem however because in partnering with the company, the competitive advantage that the company holds could be at risk. This is even more so if the competitive advantage is based on proprietary technology and by entering into a partnership and giving another company access to that technology, there is a risk that control could be lost.
Answer:
E) bowed out shape of the production possibilities frontier.
Explanation:
The production possibilities frontier curve is usually has a bowed out shape because as the production of one of the products increases, the opportunity cost of producing the other product also increases.
As shown in the attached image, as the production of Y increases, the opportunity cost of producing X will also increase, giving the curve a bowed shape. The same happens to the opportunity cost of producing Y when the production of X increases.
Answer:
Monthly interest rate = 2.16666667%
Explanation:
Given:
Annual percentage rate = 26% = 26 / 100 = 0.26
Total number of months in a year = 12 month
Monthly interest rate = ?
Computation of monthly interest rate :
Monthly interest rate = Annual percentage rate / Total number of months in a year
Monthly interest rate = 0.26 / 12
Monthly interest rate = 0.0216666667
Monthly interest rate = 2.16666667%
Life guarding is a really good first job for high school students. Start applying to local pools or water parks, whatever you have in your area. I live in vegas and hotels are always looking for lifeguards around this time
Answer:
Nominal GDP for year 2010 = $7,650
Explanation:
Nominal GDP measures the market value of all goods and services produced in an economy at current prices, normally in a year. Current prices are the prices of the year I want to know the GDP. In this case, our current prices are 2010 prices. To know the nominal GDP, we must multiply the quantities produced by their current prices:
Nominal GDP= 550*$3+6*$1000=$7,650
